Category: Highlights

E&P Firms Warn of Production Suspensions

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The Pakistan Petroleum Exploration and Production Companies Association (PPEPCA) has issued a warning, stating that the non-payment of dues by Sui gas companies has reached an alarming Rs1,500 billion as of March 15, 2024. This substantial debt, coupled with recent massive gas tariff increases, is hindering further exploration and production activities in the country. In a letter addressed to Petroleum Minister Dr Musadik Malik on April 17, 2024, the PPEPCA highlighted the liquidity crisis faced by Exploration and Production (E&P) firms. Despite significant hikes in gas tariffs, Sui gas companies…

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Khatm Al Shaklah Area in Al Ain Receives 254.8 mm of Rainfall in Less Than 24 Hours UAE Witnesses Highest Rainfall in 75 Years

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Highest-Rainfall

According to a statement released by the National Center of Meteorology, the United Arab Emirates experienced the highest rainfall in its recent history over the past 24 hours, in many areas, marking the largest since the beginning of climate data recording in 1949. The National Center of Meteorology confirmed that the record-breaking rainfall amounts that fell on the country during the past 24 hours until 9:00 PM on Tuesday, April 16, 2024, constitute an exceptional event in the climatic history of the UAE since the beginning of climate data recording.…

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Mari Petroleum Successfully Drills and Tests Appraisal Well in Mari Ghazij Formation

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mari-petrolium

Mari Petroleum Company Limited (MARI), a prominent energy and exploration company in Pakistan, has achieved another milestone by successfully drilling and testing an appraisal well in the Mari Ghazij formation located in Mari Development and Production Lease (D&PL), Sindh. In a notice to the Pakistan Stock Exchange (PSX) on Thursday, MARI announced the successful drilling and testing of the third appraisal well in the Ghazij formation within the Mari D&PL. The well, spudded in on February 15, 2024, reached a depth of 1,483 meters. It recorded a post-acid gas flow…

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PM Encourages Chinese Firms to Embrace Local Coal and Prioritizes Workers’ Safety

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Chinese-Firms

Islamabad: During a meeting with a delegation from the Shanghai Electric Group, Prime Minister Shehbaz Sharif reiterated the government’s commitment to ensuring the safety of Chinese workers in Pakistan. Led by Chairman Wu Lei, the delegation discussed ongoing projects and potential investments in the country. PM Shehbaz assured the delegation of full support to facilitate Chinese investors, particularly in transitioning power plants to use local coal resources. He emphasized the importance of increasing investment in coal mining and urged Chinese firms to shift their focus from imported to local coal…

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Climate Experts Dismiss Cloud Seeding as Cause of Powerful Gulf Storm

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Powerful-Gulf

A recent storm wreaked havoc in the United Arab Emirates and Oman, causing significant flooding and claiming several lives. Despite questions raised about cloud seeding possibly triggering the heavy rains, experts assert that global warming and natural weather patterns were the primary drivers behind the intense rainfall. The storm, which hit Oman initially before impacting the UAE, led to record rainfall and widespread disruptions. In Al Ain, a city bordering Oman, a historic 254 millimetres of rain fell within 24 hours, marking a record since data collection began in 1949.…

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